According to your textbook, the classical model of a savings and loan association cannot survive today's volatile economic environment; some S&Ls have branched out to become mortgage bankers or family financial centers.

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The classical model of savings and loan associations, which primarily focused on taking deposits and making home mortgages, faces challenges in today's volatile economic environment due to interest rate fluctuations, increased competition, and regulatory changes. To adapt, some have diversified their services to include activities like mortgage banking or offering a broader range of financial services to families, thus becoming more like family financial centers.

According to Your Textbook, the Classical Model of a Savings